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Small part, big deal

The economic impact from Japan’s crisis is beginning to be felt across the globe. Supply chain disruptions in the automotive and electronics sectors will take a bite out of chemical company profits in North America and Europe. One component in the supply chain can have a significant impact. For example, a shortage of engine-related micro […]

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Japan’s coming reconstruction

The unimaginable tragedy that struck Japan in the form of the record-magnitude earthquake and tsunami, compounded by the ongoing nuclear crisis, presents one of the greatest challenges ever for the nation. The images of the destruction and impact it is having on the people are heartbreaking, and we hope the country will recover soon and […]

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Painted with the same oily brush

The BP oil spill in the US Gulf will have major implications for the US chemical market. Yes, the chemical industry is not the oil industry, but they are inextricably linked – not just in terms of feedstocks, but also how they are perceived in the minds of the general public. The direct impact of […]

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After the tsunami comes a new wave

Few have been hit harder by the global financial and economic crisis than Japan. Its export-based economy heavily exposed to automotive and electronic goods came under severe pressure and challenges persist. However, this economic tsunami will put a charge into the pace of structural reform – it is already happening in Japan’s chemical industry with […]

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Making sense of China’s boom time

Many across the global chemical industry are pinning their hopes on China as a driver for recovery in demand for chemicals. Indeed, in recent months, we have been encouraged by some startlingly good import and export figures from the country. High-density polyethylene (HDPE) imports nearly doubled in the first half of the year, while low […]

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BASF moves reflect global chemical manufacturing shift

Nowhere is the global tectonic shift in chemical manufacturing more apparent than in the largest chemical company’s latest restructuring and expansion moves. Germany’s BASF, which acquired Swiss specialty chemical giant Ciba for $5.1bn in April, laid out its massive restructuring plan last week. The bottom line – 23 out of 55 acquired production sites will be […]

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China-Brazil oil and chemicals pact a model for deals

CHINA’S $10bn deal with Brazil to lock up significant oil supplies from its energy firm and join in exploration, refining and petrochemical ventures, heralds a new age of cooperation between the two countries. Under a 10-year deal, China Development Bank is giving a $10bn credit line to Brazilian energy giant Petrobras in return for the […]

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Caution reigns at APIC in Korea

ASIA HAS roared back with a strong rebound in petrochemical and plastics prices. High hopes are being pinned on the region, and especially China, to lead the global economic recovery. But as pointed out by James McIlvenny, senior vice president of Dow Chemical’s performance products division, China, which represents 2-3% of global GDP, is not in and […]

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